Before Officially Leaving the Organization: Retirement Planning and Preparation of Filipino Teachers

Abstract

This study identifies the retirement readiness of teachers taking into consideration the following aspects: financial, health, social relationship, and self – fulfilment. The teachers’ readiness is determined based on how their aspirations are planned and materialized utilizing preparation. When these phases are addressed accordingly, a teacher can be ready for incoming retirement. The data were gathered through face interview that reflected the experiences of the participants’ experiences and rationale. Through the research questions, the aspirations and apprehensions of the teacher participants were sought concerning different aspects when it comes to their needs once they retire. Likewise, this study expresses the relationship and purpose of planning and preparation in readiness. Consequently, the participants formed a structure of ideas in managing their available resources in preparation for their retirement. The teachers may be challenged financially for retirement. But, with proper education about financial planning and utilization of available retirement benefits, teachers can cope with financial stability in retirement.